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27:
628:. Amer Sports shares were valued at 4.6 billion euros, 40 percent over their average market value. Under the terms of the offer, Amer Sports remained a separate business entity, while Anta Sports provide R&D and production resources required for expansion on the Chinese market. Anta Sports is China's largest sportswear manufacturer.
619:
In April 2018, Amer Sports acquired the
Swedish sportswear manufacturer Peak Performance from IC Group, a Danish entity. Amer Sports largest owners were Keva, the Civil and Water Engineering Fund, Ilmarinen, Mandatum and Ilkka Brotherus. In December, an investor consortium called Mascot Bidco,
510:
hockey stick manufacturer Les
Industries du Hockey Canadien Inc. as well as ice hockey protective equipment manufacturer in 1979. In 1986, Amer sold all their ice hockey related businesses but established a sports division after acquiring a majority stake in the golf equipment maker
558:. The company had incurred losses of approximately 50 million euros under Amer's ownership. Further acquisitions followed in the shape of the Austrian ski manufacturer Atomic in 1994 and the Finnish sports instrument maker Suunto in 1999. The American baseball and softball bat firm
939:
403:. Established in 1950 as an industrial conglomerate with interests as diverse as tobacco trading, ship owning and publishing, Amer has gradually evolved into a multinational firm devoted to the production and marketing of sporting goods. The company employs over 9,700 people.
550:
Company, which specialized in golf, tennis, and baseball products. Wilson was the largest manufacturer of sports products in the US, but it was heavily indebted. The transaction set a new record for the largest foreign acquisition in
Finland.
526:
and held a 62 percent share of the
Finnish tobacco market. A movement called Klubi 88 made a statement at the AGM claiming that Amer was the single largest causer of cancer in Finland. It said that the sponsorships by “tobacco figureheads”
535:, a Formula 1 driver, should be stopped. Amer's CEO Heikki O. Salonen thought sports products would be a better business for the company to focus on. The company's brands included Marlboro, Marimekko,
1433:
447:
manufacturer and distributor, Amer-Tupakka, in 1950 (later to be renamed Amer-Yhtymä Oyj followed by its current designation) and acquired the right to produce and sell
570:, although the company retained its tobacco business until 2004 when it was sold back to Philip Morris. In 2005, Amer acquired the outdoor sports company Salomon from
1815:
1531:
470:
In the 1980s, Amer moved into the vehicle import industry by acquiring the firm
Korpivaara, and with it the exclusive rights to import and distribute such brands as
940:"The extraordinary general meeting of ANTA Sports Products Limited has passed the resolution required by the tender offer for all shares in Amer Sports Corporation"
1835:
1304:
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1214:
1800:
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The company has offices in for example
Finland, Poland, Germany, China and US and manufacturing and sales locations worldwide. Amer Sports is owned by
451:
cigarettes in
Finland in 1961. In the 1960s, the significant profits from the company's tobacco interests were invested in three commercial ships. A
1805:
1820:
1511:
582:
1331:
1434:"Mascot Bidco Oy announces a voluntary recommended public cash tender offer for all the shares in Amer Sports Corporation – Amer Sports"
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was purchased a year later, falling under the Wilson division. During this time, many of the business areas no longer deemed to be
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The company got involved in the sports equipment market starting in 1974. They bought the
Finnish ice hockey gear maker
249:
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division was added in 1970 with the purchase of the
Finnish company Weilin+Göös, and the company listed on the
1169:"Heikki O. Salonen jättää Amerin johdon terveyssyistä Partekin Raimo Taivalkoski hallituksen puheenjohtajaksi"
1631:
1472:
644:
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for €485 million. In the same year, the company officially changed its name to Amer Sports
Corporation.
1078:"Päätyykö Amer kiinalaisille? Näin opiskelijoiden tupakkatehtaasta tuli Suomen tärkein kuluttajatuoteyhtiö"
523:
1532:"Suomalainen Suunto siirtyy kiinalaisomistajalta toiselle – Liesheng lupaa jatkoa toiminnalle Suomessa"
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636:, owns about one-fifth of Amer Sports. Amer Sports was among the largest companies on the
8:
633:
1383:"Amer laajentaa urheiluvaatekauppaan – yhtiö ostaa urheilumuotiyritys Peak Performancen"
1606:
1141:
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651:
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676:. The company raised $ 1.4 billion in its offering and was valued at $ 6.5 billion.
506:
in 1974, its North East US distributor Koho Sporting Goods Corporation in 1978, the
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1409:"Kiinalaistaustainen konsortio tekee 4,6 miljardin euron ostotarjouksen Amerista"
1242:"Amer Group giving up tobacco business; company to concentrate on sporting goods"
767:
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announced its takeover bid for Amer Sports. The consortium included ANTA Sports,
528:
486:. The decade also saw the company expand into for example the plastics markets.
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785:- Outdoor apparel, running and hiking footwear, and winter sports equipment
729:
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63:
1512:"Peloton will pay $ 420 million to acquire fitness equipment maker Precor"
704:
Amer Sports operates multiple brands that it has acquired over the years.
1712:
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1558:"Wilson tennis racket maker Amer Sports rises 3% in tepid market debut"
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In 2008 Amer Sports divided its operations into three business units:
471:
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in 1977, four years after changing its name to Amer-Yhtymä (English:
198:
58:
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to Liesheng, a Chinese company specializing in wearable technology.
426:, among others. Amer is itself owned by Chinese retail conglomerate
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In 2007, Amer Sports' North American headquarters were moved from
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In 1988, Amer represented, among others, American tobacco giant
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is a Finnish multinational sporting equipment company based in
1644:
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539:, Weilin+Göös, and the American brand MacGregor Golf Company.
26:
661:
In January 2022, it was reported that Amer Sports would sell
289:
1498:"Mavic Saved by Bourellier Group, Focus to Return to Wheels"
1775:
898:. U.S. Securities and Exchange Commission. 26 January 2024.
668:
In February 2024, Amer Sports went public again through an
180:
377:
650:
In December 2020, Amer Sport sold Precor to the American
592:
Wilson manufactures for example basketballs for NBA, 2022
1300:"Amer Group Plc changes name to Amer Sports Corporation"
1215:"Wilson Sporting Goods Co acquires DeMarini Sports Inc"
1038:"Kuolleet | Kauppatieteiden maisteri Heikki O. Salonen"
406:
Amer Sports owns a portfolio of companies, including
799:
1572:"Career opportunities in sports and outdoor brands"
1448:"Kaupankäynti Amer Sportsin osakkeella keskeytetty"
1194:"Amer's ownership in Suunto rises to 98.7 percent"
1327:"Owner of Salomon, Atomic moving U.S. HQ to Utah"
643:In 2019, Amer Sports completed its divestment of
1816:Multinational companies headquartered in Finland
1792:
489:
1836:Companies listed on the New York Stock Exchange
1104:
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1100:
1098:
915:"Our brands are loved and trusted by millions"
872:"Growth strategy, values, management, history"
438:
1660:
1406:
1196:(Press release). Amer Sports. 1 December 1999
1111:"Amer Group to Acquire Wilson Sporting Goods"
583:American Can Company of Utah Building Complex
498:The entrance of Amer Sports in Helsinki, 2022
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1009:International Directory of Company Histories
1811:Manufacturing companies established in 1950
1375:
1274:"Adidas sells ski and surf group for £329m"
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823:List of outdoor industry parent companies
1556:Fonrouge, Gabrielle (February 1, 2024).
1555:
1473:"Amer Sports completes Mavic divestment"
909:
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1806:Sporting goods manufacturers of Finland
866:
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1109:Freudenheim, Milt (21 February 1989).
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1821:Finnish companies established in 1950
1648:
1612:Business data for Amer Sports, Inc.:
1002:
902:
418:, Enve Composites, Peak Performance,
1166:
859:
542:In February 1989, Amer acquired the
991:
159:Sports equipment, apparel, footwear
13:
1250:. 19 December 2003. Archived from
888:
772:Louisville Slugger - Baseball bats
14:
1852:
1592:
1335:. 16 October 2006. Archived from
1272:Tomlinson, Heather (3 May 2005).
478:. In 1984 Amer was listed on the
1019:from the original on 17 May 2008
802:
554:In 1991, Amer sold Marimekko to
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1358:"Amer Sports business segments"
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388:Footnotes / references
1137:"COMPANY NEWS; MacGregor Sale"
835:
1:
1841:2024 initial public offerings
1826:2019 mergers and acquisitions
1360:. Amer Sports. Archived from
976:. Amer Sports. Archived from
828:
490:Focus on sport (1986–present)
16:Finnish sporting good company
1831:Exercise equipment companies
1407:Taloussanomat (2018-12-07).
692:, Anamered Investments, and
624:, Anamered Investments, and
443:The company began life as a
7:
1167:Jyri, Raivio (1990-12-19).
795:
439:Industrial past (1950–1985)
89:; 74 years ago
10:
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818:List of Finnish companies
699:
482:. In 1985, Amer acquired
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24:
1454:(in Finnish). 2018-12-07
1389:(in Finnish). 2018-04-30
1084:(in Finnish). 2019-03-08
1044:(in Finnish). 1998-05-28
647:before selling it 2020.
674:New York Stock Exchange
670:initial public offering
638:Helsinki Stock Exchange
461:Helsinki Stock Exchange
1305:Nordic Business Report
732:- Outdoor apparel for
672:and was listed on the
593:
499:
368:11,400 (December 2023)
145:Michael Sørensen (COO)
974:"Amer Sports history"
843:"Our management team"
789:Wilson Sporting Goods
779:equipment and apparel
746:equipment and apparel
726:equipment and apparel
690:FountainVest Partners
622:FountainVest Partners
591:
548:Wilson Sporting Goods
497:
480:London Stock Exchange
347:FountainVest Partners
1003:Cohen, M.L. (2006).
1339:on October 18, 2006
775:Peak Performance -
634:Lululemon Athletica
364:Number of employees
21:
1753:Louisville Slugger
1142:The New York Times
1116:The New York Times
791:- Sports equipment
652:exercise equipment
610:Louisville Slugger
600:, outdoor sports,
594:
500:
204:Louisville Slugger
19:
1788:
1787:
1784:
1783:
1247:Helsingin Sanomat
1223:. 19 January 2000
1220:Thomson Financial
1173:Helsingin Sanomat
1149:. 3 December 1986
1082:Helsingin Sanomat
1042:Helsingin Sanomat
736:and alpine sports
632:, the founder of
401:Helsinki, Finland
397:Amer Sports, Inc.
394:
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148:Andrew Page (CFO)
142:James Zheng (CEO)
20:Amer Sports, Inc.
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1601:Official website
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1005:"Amer Group plc"
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980:on 31 March 2008
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810:Companies portal
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581:to the historic
579:Portland, Oregon
556:Kirsti Paakkanen
531:, a sailor, and
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301:US$ 7.89 billion
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281:US$ −253 million
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261:US$ 50.6 million
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250:Operating income
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211:Peak Performance
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1500:. 22 July 2020.
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585:in Ogden, Utah.
546:-based company
529:Hjallis Harkimo
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1413:Ilta-Sanomat
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533:Keke Rosberg
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310:Total equity
290:Total assets
241:3.55 billion
102:Headquarters
64:Russell 1000
34:Company type
1694:Amer Sports
1677:Anta Sports
1632:SEC filings
1576:Amer Sports
1477:Amer Sports
1452:Yle Uutiset
1387:Yle Uutiset
919:Amer Sports
876:Amer Sports
847:Amer Sports
686:Anta Sports
630:Chip Wilson
602:ball sports
428:Anta Sports
341:Chip Wilson
335:Anta Sports
125:Area served
1795:Categories
1581:2023-02-22
1542:2023-02-22
1536:Mobiili.fi
1517:2020-12-22
1483:2019-08-07
1458:2023-02-22
1419:2023-02-22
1393:2023-02-22
1368:2008-04-11
1343:2008-04-11
1332:Ski Racing
1312:2008-04-11
1285:2008-04-11
1258:2008-04-11
1227:2008-04-11
1200:2008-04-11
1179:2023-02-22
1153:2008-04-11
1122:2008-04-11
1088:2023-02-22
1048:2023-02-22
1023:2008-04-11
984:2008-04-11
950:2023-02-22
944:Arvopaperi
924:2023-02-22
896:"Form F-1"
881:2023-02-22
852:2023-02-22
829:References
504:Koho-Tuote
465:Amer Group
453:publishing
378:amersports
270:Net income
135:Key people
1748:EvoShield
1703:Arc'teryx
1617:Bloomberg
766:- Sports
764:EvoShield
730:Arc'teryx
716:equipment
484:Marimekko
412:Arc'teryx
199:EvoShield
171:Arc'teryx
129:Worldwide
66:component
46:Traded as
1771:Descente
1743:DeMarini
1017:Archived
796:See also
758:softball
754:Baseball
750:DeMarini
714:softball
710:Baseball
614:DeMarini
568:divested
560:Demarini
508:Canadien
457:printing
191:DeMarini
156:Products
107:Helsinki
74:Industry
1723:Salomon
1627:Reuters
1560:. CNBC.
1147:Reuters
783:Salomon
708:ATEC -
694:Tencent
656:Peloton
626:Tencent
544:Chicago
472:Citroën
445:tobacco
434:History
420:Salomon
373:Website
353:Tencent
349:(12.7%)
343:(16.3%)
337:(44.5%)
229:Revenue
215:Salomon
208:Luxilon
117:Finland
111:Uusimaa
92: (
84:Founded
57::
1738:Wilson
1733:Suunto
1713:Atomic
1708:Armada
1685:Brands
1637:Yahoo!
1622:Google
777:Skiing
744:Skiing
740:Armada
724:Skiing
720:Atomic
700:Brands
663:Suunto
612:, and
606:Wilson
572:Adidas
537:Toyota
476:Toyota
424:Wilson
422:, and
416:Armada
408:Atomic
355:(4.5%)
328:Owners
323:(2022)
303:(2022)
283:(2022)
263:(2022)
243:(2022)
220:Wilson
186:Atomic
176:Armada
164:Brands
38:Public
645:Mavic
566:were
515:from
1776:Fila
760:bats
756:and
712:and
564:core
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